What is Medco Energi's annual oil production?

11/02/2022 18:50 WIB

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As of September 30, 2021, Medco's oil production reached 35 million barrels per day (bpd).

Medco Energi Internasional's Oil Production, 2014 - 2021

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What is Medco Energi's annual oil production?

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Medco Energi Internasional's Oil Production, 2014 - 2021

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Medco Energi Internasional is an oil and gas (O&G) company that owns O&G blocks in Indonesia, the United States, Yemen, and Tunisia. As of September 30, 2021, Medco's oil production reached 35 million barrels per day (bpd).

Compared to 2014, this production has significantly increased. In 2014, Medco's oil production was recorded at 22.9 million bpd. Production then slightly increased to 22.99 million bpd in 2015.

Subsequently, oil production decreased to 22.5 million bpd in 2016, increased to 27.1 million bpd in 2017, and then decreased again to 25.6 million bpd in 2018.

Medco's oil production surpassed 30 million bpd for the first time in 2019. That year, their production reached 32.1 million bpd, and further increased to 33 million bpd in 2020.

Medco Energi was founded by conglomerate Arifin Panigoro in 1980. Medco conducted an initial public offering (IPO) in 1994 with the stock code MEDC.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."